Rolex seized in Limerick sells for €7,000 on Ebay

Anne Sheridan

Reporter:

Anne Sheridan

The Rolex watch which was sold online for �7,000 by CAB on eBay
A ROLEX watch seized by the Criminal Assets Bureau from a Limerick criminal has been sold on eBay for €7,000 after eight online bids.

A ROLEX watch seized by the Criminal Assets Bureau from a Limerick criminal has been sold on eBay for €7,000 after eight online bids.

Estimated to be worth some €9,900, the watch was put up for sale on the online bidding site as a trial experiment, but the Garda press office say they have no other plans at present to auction further items.

The winning bidder has no previous history of bidding for goods online, according to eBay’s records.

The Bureau, which investigates the wealth of people with no apparent means of income, listed the Rolex Oyster Perpetual Datejust for sale on October 8, with a starting bid of €6,000.

A number of higher offers than the final sale price were made but these were withdrawn by the bidders in recent days.

Proceeds from its sale will be diverted back to the Exchequer.

Selling under the name proceedsofcrimeact1996, CAB described the item as a Christmas present from 2011. It comes with the original box, documentation and a 24-month jewellers guarantee from Keane’s of Cork, Limerick and Killarney.

Last month, CAB and local gardaí seized an Audi 07 vehicle, more than €26,000 in cash and two gold Rolex watches from a property in the Moyross area. It is believed the watch belonged to Edward ‘Eds’ McCarthy, 33, and his partner Linda Mullane, 32.